KUALA LUMPUR, Aug 10 (Bernama) -- Bursa Malaysia ended marginally lower on Monday, as investors largely stayed on the sidelines and adopted a wait-and-see approach amid uncertainties over US monetary policy and geopolitical developments, an analyst said. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) eased 0.38 of a point to 1,735.37 compared with last Friday’s close of 1,735.75. The index opened 0.10 of a point higher at 1,735.85 and fluctuated between 1,730.35 and 1,738.97 throughout the day. However, on the broader market, gainers thumped losers 707 to 447, while 573 counters were unchanged, 1,046 untraded and 21 suspended. Turnover narrowed to 3.49 billion units valued at RM2.55 billion from 3.55 billion units valued at RM3.47 billion last Friday.
Gold and silver surged to fresh record highs as investors rushed into safe-haven assets , driven by escalating geopolitical tensions, a weaker US dollar, and expectations of further US interest rate cuts . What’s Driving the Rally Geopolitical risk spikes , particularly renewed US–Iran tensions US dollar weakness , making precious metals cheaper for global buyers Expectations of Fed rate cuts , with markets eyeing June as the next move Strong ETF inflows , signalling institutional demand Spot gold climbed 2.1% to US$5,513 , after touching a peak near US$5,595 , marking nine consecutive sessions of record highs . The metal is now up 28% for January . Silver followed closely, breaking above US$120 and extending its year-to-date gain to nearly 64% . Geopolitics Back in Focus US President Donald Trump urged Iran to negotiate a nuclear deal, warning of stronger retaliation than previous US strikes on Iranian nuclear facilities...